Commissioner of lncome Tax-lll, l.T.Towers, A'C Guards, Hyderabad v. M/s Yalamanchali Finance and Trading Private Limited
Case at a glance
Provisions considered
- Income Tax Act, 1961 s. 260A
Key paragraphs
- Para 22. The instant appear under Section 260A of the Income Tax Act, 1961, has been preferred by the Revenue as the appellant against the order dated 27 'o7.2012 passed by the Income Tax Appellate Tribunal, Hyderabad "Et" Bench, Hyderabad, in I.T.A.No.13lO/Hyd/2O1O for the Assessment Year…
- Para 55. Therefore, the appeal hled by the Revenue is dismissed in terms of the aforesaid Circular No'9 of 2024 dated 17'Og'2O24' However' if the appeal comes within the exception of Circular No ' 5 of 2024 ' it would be open to the Income Tax…
Judgment
Cause title
Counsel for the Appellant:
Ms. B. Sapna Reddy, SC FOR lT DEPARTMENT Counsel for the Respondent: M/s. MN Advocates The Court delivered the following: JUDGMENT ), I I THE HON'B LE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE NARSING RAO NAND TKONDA INCOME TAX TRIBUNAL APPEAL No.82 0F 2017
JUDGMEN T:
(per Hotl'bie Sn Justice p.S'.m Kosh!) Heard Ms.B.Sapna Reddy, learned Standing Counsel for Income Tax, appearing on behalf of the appellant,
The instant appear under Section 260A of the Income Tax Act, 1961, has been preferred by the Revenue as the appellant against the order dated 27 'o7.2012 passed by the Income Tax Appellate Tribunal, Hyderabad "Et" Bench, Hyderabad, in I.T.A.No.13lO/Hyd/2O1O for the Assessment Year 2007-Og. t t 3' central Board of Direct Taxes (.BDT) has issued circurar rvo.o or I 2024 dated 12.O9.2024, amending the previous Circular No.5 of 2O24 dated 15'03'202a, by further enhancing the monetar5r limits for filing appeals by the Income Tax Department before the Income Tax Appellate Tribunars, High courts and Supreme court as a measure for reducing litigation. In paragraph 2 of the said circular, we find that the monetary timit fixed for filing an appeal before the High Court is 1 Rs.2.OO crore. \- \ F- \r 4 In the instant appeal, tax effect is well below the moneta5r limit'
Therefore, the appeal hled by the Revenue is dismissed in terms of the aforesaid Circular No'9 of 2024 dated 17'Og'2O24' However' if the appeal comes within the exception of Circular No ' 5 of 2024 ' it would be open to the Income Tax Department to seek revival of the appeal. No costs. As a sequel, miscellaneous applications pending if arty' shall 6 stand closed I S D/. R. KARTHIKEYAN JOINT REGISTRAR I //TRUE COPY// SECTION OFFICER To
2. J. 4. Kam/g The lnco me Tax APPellate Tribunal, HYderab a B. SaPna ReddY, SC FOR lT D One CC to Ms' MN Advocates [OPUC] One CC to M/s' Two CD CoPies E h l* ARTM 'B'HYderabad' ENT [OPUC] HIGH COURT DATED:0710412025 JUDGMENT ITTA.No.82 of 2017 ( c ) ,,, ::\ '(-i'.). 21tlJEM a.\ t) :5lp^TC vrr-9. DISMISSING THE APPEAL b
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.